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BlackBull Markets Review | Security, Apps & Features | Invezz

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type…

What can I do with BlackBull Markets?

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type of account you sign up for.

The platform has partnered with leading liquidity providers so as to ensure that BlackBull clients have access to deep liquidity and that trades are secure. The ECN liquidity allows traders to directly connect with liquidity service providers without any internal desks, and this aggregation protocol allows fast execution of trades and access to lower spreads. 

In addition to this, BlackBull Markets also provides an education gallery that includes trading glossary terms, videos, and guides. The platform’s trading resources further include economic calendar and market reviews – but these are not updated on a daily basis.

Which assets can I trade?

These are the following assets that you can trade on BlackBull Markets:

  • Forex (64+ currency pairs)
  • Index CFDs
  • Commodities
  • Precious metals (Gold and Silver)
  • Energy

Payment Methods

BlackBull Markets allow the following payment methods on its platform:

  • Bank transfer
  • Credit card
  • Skrill
  • Neteller
  • China Union Pay
  • FasaPay

What devices can I use BlackBull Markets on?

BlackBull Markets does not have its proprietary software. Instead, it enables trading via the prominent MetaTrader 4 platform and through its web platform. You can access these trading platforms from the following devices:

  • Desktop or laptop (Web browser)
  • Software download on desktop or laptop
  • Android
  • iPhones

The software download version of MT4 platform supports a wide range of indicators. While these can also be accessed via smartphone applications, you’ll have access to a better experience and more information if using a laptop or desktop computer. 

How easy is it to use BlackBull Markets?

BlackBull Markets provides trading through the popular MT4 platform, commonly used for forex trading. It does not have its own interface or trading platform. Having said that, the MT4 platform is a user-friendly trading platform that offers a wide range of trading indicators and tools for analysis. You can customise the charts visible on the platform by adding your own indicators and add-ons, so as to create a tailored user experience for your needs. 

It is worth noting, however, that as there isn’t any proprietary software there are no additional analysis or extra add-on benefits while using the BlackBull Markets interface. In addition to this, the trading instruments offered by the platform are limited. That being said, BlackBull Markets does offer a wide range of options while trading in the forex market, and users benefit from the platform’s in-house trade aggregation network. 

To help make sure all users know their way around, BlackBull Markets allows the opening of a demo account. This is great for beginners, who can familiarise themselves with the markets as well as the BlackBull trading platform. 

Countries supported

While BlackBull Markets are a regulated entity and provide their services in multiple countries, some countries are exempted from using the broker’s platform. The list includes OFAC sanctioned countries, the USA, and Spain. Further, in New Zealand, the company only accepts clients that fall under the category ‘Wholesale Investor’ or ‘Eligible Investor’ definition. 

Regulation 

BlackBull Markets is registered in New Zealand with the Financial Services Provider Registry (FSPR). Additionally, the firm is also a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme, as is regulated under FMA and FSA. Their Financial Services Providers Register (FSPR) number is FSP403326.

In addition to being regulated by these bodies, BlackBull Markets holds clients’ funds in segregated bank accounts in ANZ Bank.

Account Verification

As a regulated services, BlackBull Markets maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy. To open a trading account on BlackBull Markets, you are required to provide:

  • ID verification: To verify your identity, you are required to provide a valid passport, government ID like a driver’s license, or a national identity card.
  • Proof of residence: A utility or phone bill, or a bank statement containing your current address and the document must not be older than 90 days. 

Customer support

The BlackBull Markets has a number of support channels to access the company’s customer service. They offer email service and toll-free contact number (for NZ clients) to provide support via phone call. Additionally, they also have an option of live chat on their website. 

The company does not have any support form on their website, and it is also important to note that their customer service team is not accessible 24/7. For instance, the live chat option is available 24/5. 

The broker

First impressions

BlackBull Markets offers a simple and intuitive mostly-forex trading platform for beginners. It is easy to navigate between multiple options available on its website for details on trading instruments, guides, infrastructure, and technology. Although the website answers all the important questions that a trader might have, there is not a dedicated page for frequently asked questions. 

While the trading platform is not proprietary software, the USP of the BlackBull Markets’ platform is that it enables ECN-based accounts, a greater market depth, faster execution of trades, and access to its aggregation protocol. Furthermore, while it offers limited options for trading instruments, there are a number of options available for payment methods on BlackBull Markets. 

What currency pairs can be traded?

More than 64 currency pairs can be traded on BlackBull Markets. This includes:

  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NZD
  • EUR/SEK
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • NZD/CAD

Are there fees for trading?

Yes, but it depends on the type of account you have. While trading in the forex market, a trader pays a commission charge based on their account status; there are 3 types of ECN accounts with varying charges on commission. While the ECN standard account does not levy any commission charge, there is a $6 commission charge in ECN prime account. 

BlackBull Markets does offer competitive spreads starting from $0.8 in ECN standard account and $0.1 in ECN prime account. Additionally, users have the option of registering for Islamic accounts, which have no swap fees.

What is the minimum spread?

A minimum spread is the smallest difference between the buy and sell prices of any asset. On BlackBull Markets, the minimum spread changes depending upon the type of account you have. According to the platform’s website, the aggregation protocol that connects traders directly with liquidity providers allows traders to access very low spreads. The minimum spread for ECN prime account is 0.1 pips, and for ECN institutional accounts spreads start from 0.0 pips.

Can I trade assets with leverage?

Yes. Trading with BlackBull Markets facilitates traders with leverage up to 1:500 irrespective of the type of account you open. This means you can open a position worth $500 while only staking $1 of your own money. If the market moves in the right direction, this can maximise your profits, but it can also lead to large losses if the opposite happens.

Leveraged trading is highly risky in the forex market, and we recommend that only experienced traders use leverage when opening forex positions.

What are the margins required?

On BlackBull Markets, margin requirements differ with the type of asset, the level of leverage, trading pair, volume, and current trading value. For instance, a minimum balance of $1000 might be required to open a leveraged trade. The formula of margin requirement on BlackBull Markets indicates that the higher the leverage, the lower the margin required. A margin below 50% will automatically close all your open trades. 

Can I open long and short positions?

Yes. BlackBull Markets supports the opening of both long and short positions. A long position is when you bet that the price of an asset is going to go up. A short position is when you bet that the price of an asset is going to go down. In a short position, a trader sells the asset to buy it at a cheaper rate and thereby makes a profit if the price goes down. 

Are there withdrawal and deposit limits?

Yes. Once again, the minimum deposit requirements vary based on the type of ECN account you open, starting from $200 with the most basic account (ECN Standard), and rising to $20,000 with the most advanced (ECN Institutional).

Withdrawals are carried out through Neteller, UnionPay, Skrill and Bank Transfer. Apart from international bank transfers, most of these methods ensure that funds withdrawn are deposited within 24 hours, and the minimum withdrawal starts at $100. Also, there is a $5 withdrawal fee charged each time that you withdraw money from BlackBull Markets. 

Summary of BlackBull Markets forex trading

The BlackBull Markets platform offers a wide selection of trading pairs for users to choose from, and facilitates trading through the user-friendly MT4 trading platform. While the broker does charge a commission fee for some of its accounts, it also offers competitive spreads to users to enable affordable access to forex trading. Additionally, it enables faster trade execution and ECN-liquidity to provide institutional-grade services to its retail clients. 

Conclusion

BlackBull Markets has established itself as a trusted platform for providing trading in financial instruments since it was founded in 2014, most notably with its forex trading services. Traders can open three different levels of account, which all give access to ECN execution of trades. BlackBull Markets is fully regulated, and complies with Know Your Customer and anti money laundering legislation to ensure the security of the platform.

It also has multiple servers located in different countries to ensure that clients have instant access to the marketplace. While the number of trading instruments available on BlackBull Markets is relatively limited, the platform does offer a wide selection in the forex market, and there’s a reason it has built such a strong reputation in a short length of time.

How to set up an account


  1. Access the official website of BlackBull Markets and click on ‘Sign Up’ available on the upper-right side of the page. (Alternatively, you can also open a 30-day demo trading account to familiarise yourself with the platform).
  2. Insert basic details including your full name, email address, and contact number. 
  3. Choose from the three available account types on the BlackBull Markets platform.
  4. Confirm your account by verifying the link sent on your email. 
  5. Submit proof of ID and proof of address as well as other relevant documents.
  6. Your application will be reviewed by their team. 
  7. Once your application is verified, deposit the minimum amount based on the account you selected. 
  8. Start trading. 
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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

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Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing’s ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

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